Description
GREAT INVESTMENT OPPORTUNITY in a PRIME LOCATION offering MULTIPLE DEVELOPMENT OPTIONS. Price reflects the development value of the property. The home is currently rented for $3000.00 per month. Potential options include retaining full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot. (See concept) Seller currently has an application submitted with the City proposing the following split: the existing home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see attached City recommendation and concept's). The proposed .74-acre commercial lot has potential for a 5,000 sq ft building with approximately 26 parking spaces (see attached documentation). All subdivision and development subject to City approval. PID #101-118-000010 is included in the sale.
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5BEDS
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1.18ACRES
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2BATHS
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11/2 BATHS
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2,370SQFT
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$293$/SQFT
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Listing courtesy of LPT Realty, LLC.Description
GREAT INVESTMENT OPPORTUNITY in a PRIME LOCATION offering MULTIPLE DEVELOPMENT OPTIONS. Price reflects the development value of the property. The home is currently rented for $3000.00 per month. Potential options include retaining full parcel for investment and future development, split the home from approximately .74 acres to create a commercial lot, or subdivide to create an additional residential lot. (See concept) Seller currently has an application submitted with the City proposing the following split: the existing home on approximately .44 acres, and the north half as an approximately .74-acre commercial lot (see attached City recommendation and concept's). The proposed .74-acre commercial lot has potential for a 5,000 sq ft building with approximately 26 parking spaces (see attached documentation). All subdivision and development subject to City approval. PID #101-118-000010 is included in the sale.
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